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Cognac is made from a distilled wine.
Cognac comes from the county of "Cognac" in France. If it's made in somewhere else, then it is not Cognac at all.

It is being kept in oak barrels for many years where it will get better tasting and get's it red-brown color.

Years in the barrel:
2 - *****, VS, Sélection, de Luxe
4 - VSOP, VO, Réserve, Vieux
6 - Napoleon, XO, Extra, Royal, Imperial

If your cognac is 20 years old, it still might be XO for example. That is only the minimal requirement.

Cognac DOES NOT get better in the bottle any more, only the years in the oak barrel do matter.
Cognac is expensive, there are cheaper alternatives to get drunk.
cognac by azh July 19, 2004
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An alcoholic drink: Hennessey (Bottle $40-$4000)

see Hennessey
We sippin cognac at the bar
cognac by NickH. July 1, 2005
A class of strong, but smooth liquor. Preferred mostly by black males.
I.E. Hennesy
Slang for a woman with extraordinarily natural beauty.
Cognac by Dr. Spills June 2, 2009
It's shit that's put in a drink and also is a Irish word for shit/poo
Daughter : mum what's for dinner

Mum: cognac

Daughter : ew
Cognac by Information December 10, 2017

Cognac Arrest 

(noun) A condition which causes loss of memory, motor skills, and inhibitions, and occurs as a result of drinking too much cognac. Symptoms include, but are not limited to: angry/confusing voicemails/text messages, black eyes, and/or legal trouble.
Eric: Yo nig, how'd you get home from the club last night?
Ryan: I don't know, brah. I don't remember shit after I went into cognac arrest.
Eric: SCUMFUCK FOR LIFE!

cognac conservative 

A financially comfortable person who supports conservative ideology, and addresses current events with an elitist, conservative perspective.
You know Todd: the cognac conservative with the trucking company? Yeah, he's said his freedoms are being stolen again, because he has to pay federal road taxes.
cognac conservative by Spartacus9 September 9, 2020